Wednesday, 27 July 2016

Lack Of Suitable Properties Is Holding Back Over-55s From Downsizing

More than half of over-55s have no intention of downsizing, according to a survey for My Home Move, but those who do want to move are hampered by moving costs and a lack of suitable properties. Of those surveyed, 58% said they had no intention of downsizing. But for those that would make the move to a smaller property (25%), there existed “real and urgent” barriers which were stopping them from putting their homes on the market. Of these would-be downsizers, 39%  cited there are not enough of the ‘right kind’ of properties available to move into; while nearly 40% saw the costs involved in moving as too prohibitive to consider moving now. Read more on the My Home Move website.

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